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William D. Mosley, Chief Executive Officer of Seagate Technology Holdings plc (NASDAQ:STX), a prominent player in the technology hardware industry with a market capitalization of $17.9 billion, recently executed a significant sale of company shares. According to InvestingPro analysis, the stock is currently trading below its Fair Value, with a healthy P/E ratio of 15.16. According to a filing with the Securities and Exchange Commission, Mosley sold a total of 20,000 ordinary shares on April 1, 2025.
The transactions were conducted under a Rule 10b5-1 trading plan, which Mosley adopted in May 2024. The shares were sold in two separate batches. The first batch of 6,800 shares was sold at a weighted average price of $84.1383, with prices ranging from $83.43 to $84.41. The second batch of 13,200 shares fetched a weighted average price of $84.7711, with prices ranging from $84.44 to $85.29. The stock currently trades at $85.52, near its 52-week low, while maintaining a notable dividend yield of 3.41%.
In total, the sale amounted to approximately $1.69 million. Following these transactions, Mosley holds 555,677 shares in Seagate Technology. For deeper insights into insider trading patterns and comprehensive analysis, including 8 additional ProTips, check out the full company research report on InvestingPro.
In other recent news, Seagate Technology has been the focus of several analyst updates and revisions. Northland analysts increased their price target for Seagate to $160, maintaining an Outperform rating after the company reported higher-than-expected earnings, largely due to increased gross margins. Rosenblatt Securities also raised their price target to $150, citing Seagate’s promising position at the start of a robust product and demand cycle, particularly with the introduction of higher density hard disk drives. Meanwhile, Morgan Stanley (NYSE:MS) lifted its target to $138, maintaining an Overweight rating, supported by a sustainable hard disk drive cycle and expectations of positive earnings per share revisions.
Citi, however, adjusted their price target down to $115 while maintaining a Buy rating, reflecting changes in their financial model to include the global minimum tax’s impact starting in fiscal year 2026. Despite the lower target, Citi remains optimistic about the hard disk drive market, noting stable production plans and strong demand. The firm also highlighted the positive impact of Heat-Assisted Magnetic Recording technology on gross margins.
These recent developments underscore a mix of optimism and caution among analysts regarding Seagate Technology’s future performance. The varying price targets and ratings reflect differing views on how the company will navigate upcoming challenges and opportunities in the data storage market. Investors are closely watching these updates as they assess Seagate’s potential for growth and profitability.
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